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ACC 290(New) Inspiring Minds/newtonhelp.com

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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. cash owned by the company. owners’ investment in the business. resources belonging to a company that have future benefit to the company. – PowerPoint PPT presentation

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Title: ACC 290(New) Inspiring Minds/newtonhelp.com

1
ACC 290(New) Inspiring Minds//newtonhelp.com
2
ACC 290 Final Exam Guide (New, 2018, 100
Score)

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Question 1
The best definition of assets is the
collections of resources belonging to the company
and the claims on these resources.
cash owned by the company.

3
ACC 290 Week 1 Apply Connect Assignment

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ACC 290 Week 1 Apply Connect Assignment
Complete the Week 1 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments.

4
ACC 290 Week 1 Assignment Preparing an
Income Statement Retained Earnings Statement and
Balance Sheet

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Purpose of Assignment
The purpose of this assignment is to help
students become familiar with the presentation of
the income statement and the retained earnings
statement, including how parts of the financial
statement is evaluated to determine the
operational success of the business.

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ACC 290 Week 1 Assignment ACC 290 Week 1
Discussion Question 1

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ACC 290 Week One - DQ 1
What are the four basic financial statements?
What is the primary purpose of each of the four
basic financial statements? In your opinion,
which financial statement is the most important?
Explain why. How would the financial statements
be useful to managers and employees? How would
the financial statements be useful to investors
and creditors?

6
ACC 290 Week 1 Discussion Question 2

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What are debits and credits? How are debits and
credits used to record business transactions? Why
do accountants debit asset accounts to increase
them but credit liability accounts to increase
them? Why do accountants debit expenses to
increase them but credit revenues to increase
them?

7
ACC 290 Week 1 Individual Assignment
Financial Statements Paper

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ACC 290 Week 1 Practice Connect Practice
Assignment
Complete the Week 1 Practice in Connect.

8
ACC 290 Week 1 Practice Connect Practice
Assignment

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Individual - Financial Statements Paper - Prepare
a 700 -1,050 word paper in which you identify the
four basic financial statements. Describe the
purpose of each of the four financial statements.
Discuss how the financial

9
ACC 290 Week 1 Practice
Quiz(New)

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Question 1
Current assets are expected to be
converted to cash or consumed within the next
year or the normal operating cycle, whichever is
longer.

10
ACC 290 Week 1 Vocabulary Activity
(New)

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WileyPLUS Assignment Week 1 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
Chapter 1 WileyPLUS Crossword Puzzle 1

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ACC 290 Week 1 WileyPlus Assignment
DI1-3, E1-3,E1-4, E2-4, IFRS2-4 (New)

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WileyPLUS Assignment Week 1 Assignment
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
DO IT! 1-3

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ACC 290 Week 2 Apply Connect
Assignment

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ACC 290 Week 2 Apply Connect Assignment
Complete the Week 2 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments

13
ACC 290 Week 2 Chapter 1,2,3 Orion
WileyPlus Proficiency and Practice
Quiz

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ACC 290 Chapter 1 Orion WileyPlus Build your
Proficiency
Q 1.1 What is the primary purpose of the
statement of cash flows?

14
ACC 290 Week 2 Charter for
Collaborative Learning Activities

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Resources Week 2 Learning Team Collaborative
Discussion and the Learning Team Charter for
Collaborative Learning Activities

15
ACC 290 Week 2 Discussion Question
1

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What is the revenue recognition principle? What
is the expense recognition principle? Why are
they important to financial reporting?

16
ACC 290 Week 2 Discussion
Question 2

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What accounts are subject to adjusting journal
entries and why?
How would you explain the purpose of the adjusted
trial balance?

17
ACC 290 Week 2 E3-1
(New)

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The balance sheet makes sure that the finances
are in balance. Below is a list of Thyme
Advertising Company, Inc. transactions. Each of
these is affected differently.
Issued common stock to investors in exchange for
cash received from investors.

18
ACC 290 Week 2 LT Reflection
Summary (New)

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?
Differentiate between accrual basis and cash
basis of accounting.

19
ACC 290 Week 2 LT Reflection
Summary (New)

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?

20
ACC 290 Week 2 Practice Connect
Practice Assignment

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ACC 290 Week 2 Practice Connect Practice
Assignment
Complete the Week 2 Practice in Connect.

21
ACC 290 Week 2 Practice Quiz
(New)

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Question 1
Expenses decrease retained earnings.

22
ACC 290 Week 2 Vocabulary
Activity (New)

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WileyPLUS Assignment Week 2 Vocabulary Activity
Resource WileyPLUS

23
ACC 290 Week 3 Apply
Connect Assignment

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ACC 290 Week 3 Apply Connect Assignment
Complete the Week 3 Assignment in Connect.

24
ACC 290 Week 3
Chapter 4,5 Orion WileyPlus Proficiency and
Practice Quiz

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ACC 290 Chapter 4 Orion WileyPlus Build your
Proficiency
Q 4.1 Which of the following
statements about accrual-basis accounting is NOT
true?
Q 4.2 If a company spends 12
million dollars for a warehouse, when s

25
ACC 290 Week 3
Discussion Question 1

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What are the steps in completing the accounting
cycle? How do the different steps affect the
financial statements? What is the effect on the
financial statements of missing a

26
ACC 290 Week 3
Discussion Question 2

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What are the pros and cons of using reversing
entries? Why are reversing entries optional?

27
ACC 290 Week 3
LT Reflection Summary

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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting

28
ACC 290 Week 3
Practice Connect Practice Assignment